Tuesday, February 13, 2007

Focus Media (FMCN)

FMCN is another stock out of focus today because of comments from Piper.

The Piper analyst believes Piper is going to lower guidance for the1st quarter to a 15 to 20% drop for the company's estimate of a 7% drop. Piper believes seasonality and the Chinese New Year break are to blame.

FMCN is down by 4%. Late this afternoon I jumped on the BIDU puts, but will leave this one go since seasonal and temporary factors are more to blame for lowered guidance. No directional NVDA play for me.

No comments: